Brand New Facility in the Area, Primarily Serving Eastern Canada
Ryder System, Inc. (NYSE:R), a leader in commercial fleet
management, dedicated
transportation, and supply
chain solutions, announced the opening of its brand new Logistics
Operating Center (LOC) in London, Ontario, which will primarily serve
the Eastern Canada region. The new facility includes a
30,000-square-foot building with office and cross-docking space, as well
as parking spaces for 286 trailers and 162 tractors. A total of 210
drivers are domiciled out of the facility, along with 55 Ryder
employees. The new facility and yard will provide additional services
and capacity opportunities to Ryder’s existing and future customers.
“This facility is a key element of our cross border operation between
Canada and the U.S.,” said Gene Sevilla, Ryder Vice President of
International Supply Chain Solutions. “It enables Ryder to continue to
grow in the Canadian market, and further supports Ryder’s handling of
cross-border freight movements on behalf of North American retailers and
manufacturers in various industries.”
The new, expansive Ryder LOC, located at 1205 Green Valley Road, London,
Ontario, provides cross-dock solutions, which enable goods to be
distributed using little or no storage time. Inbound shipments coming
from the U.S. are received at the cross-dock in London, Ontario,
unloaded and sorted for final store delivery, and redeployed outbound in
24 hours or less. This enables retailer customers to reduce their
transportation costs while also replenishing their stores more
frequently to meet customer demand and fulfill omni-channel or forward
stocking on fast-moving items.
Ryder recently held a ribbon cutting ceremony at the new location, where
customers were invited to tour the facility and enjoy a barbeque lunch.
The new LOC facility is open 24 hours a day, seven days a week, and is
strategically located between Detroit and Toronto, enabling Ryder to
serve clients on both sides of the border.
Ryder’s new facility will handle more than 3,000 cross-border freight
movements a month between the U.S., Canada, and Mexico.
To learn more about Ryder’s warehousing and distribution solutions,
click here.
About Ryder
Ryder is a FORTUNE 500® commercial fleet management, dedicated
transportation, and supply chain solutions company. Ryder’s stock
(NYSE:R) is a component of the Dow Jones Transportation Average and the
S&P MidCap 400® index. Ryder has been named among FORTUNE’s
World’s Most Admired Companies, and has been recognized for its
industry-leading practices in third-party logistics,
environmentally-friendly fleet and supply chain solutions, and
world-class safety and security programs. The Company is a proud member
of the American Red Cross Disaster Responder Program, supporting
national and local disaster preparedness and response efforts. For more
information, visit www.ryder.com,
and follow us on our Online
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and YouTube.
Note Regarding Forward-Looking Statements: Certain statements
and information included in this news release are "forward-looking
statements" within the meaning of the Federal Private Securities
Litigation Reform Act of 1995. These forward-looking statements
are based on our current plans and expectations and are subject to
risks, uncertainties and assumptions. Accordingly, these
forward-looking statements should be evaluated with consideration given
to the many risks and uncertainties that could cause actual results and
events to differ materially from those in the forward-looking statements
including those risks set forth in our periodic filings with the
Securities and Exchange Commission. New risks emerge from time to
time. It is not possible for management to predict all such risk
factors or to assess the impact of such risks on our business. Accordingly,
we undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
Ryder System, Inc.
Jennifer Hanlon, 305-500-4547
jennifer_a_hanlon@Ryder.com
or
David Bruce, 305-500-4999
dbruce@ryder.com